Gabelli Funds LLC Makes New $8.94 Million Investment in Zuora, Inc. (NYSE:ZUO)

Gabelli Funds LLC acquired a new stake in Zuora, Inc. (NYSE:ZUO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 901,406 shares of the company’s stock, valued at approximately $8,942,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. increased its stake in Zuora by 1.1% in the fourth quarter. Invesco Ltd. now owns 101,720 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,066 shares during the last quarter. Arizona State Retirement System grew its position in shares of Zuora by 3.1% in the 4th quarter. Arizona State Retirement System now owns 39,425 shares of the company’s stock valued at $391,000 after buying an additional 1,197 shares during the last quarter. Legal & General Group Plc raised its stake in Zuora by 1.1% during the 4th quarter. Legal & General Group Plc now owns 175,970 shares of the company’s stock worth $1,746,000 after acquiring an additional 1,903 shares in the last quarter. Vestcor Inc acquired a new position in Zuora in the fourth quarter valued at $40,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Zuora during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 83.02% of the company’s stock.

Zuora Price Performance

Zuora stock opened at $10.02 on Thursday. The stock has a 50-day simple moving average of $10.02 and a 200-day simple moving average of $9.86. The company has a market capitalization of $1.54 billion, a P/E ratio of -20.45 and a beta of 1.67. The company has a debt-to-equity ratio of 2.00, a quick ratio of 2.62 and a current ratio of 2.62. Zuora, Inc. has a fifty-two week low of $8.20 and a fifty-two week high of $10.85.

Zuora Company Profile

Zuora, Inc provides a monetization suite for modern businesses to help companies launch and scale new services and operate dynamic customer-centric business models. The company offers Zuora Billing that allows customers to deploy various pricing and packaging strategies to monetize their recurring revenue streams, bill customers, calculate prorations when subscriptions change, and automate billing and payment operations; Zuora Revenue, a revenue recognition and automation solution that accounting teams use to manage their complex revenue streams; Zuora Payments to provide payment orchestration services for companies looking to operate globally; and Zephr, a digital subscriber experience platform that helps companies orchestrate dynamic experiences that increase conversion, reduce churn, and nurture ongoing subscriber relationships.